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GC - GOLD / Old Yeller shaking off the FleasCountless Traders left 2021 Longer than the Tesla Delivery Line. Oops. The Lunar New Year isn't going to be kind to Asian GoldBugs. There's too many fish in the Pond once again. Until GC can close up and over 1863 on a Weekly Basis, Gold will continue to Build Structure in a Positive manner. ________________________________________________________ It's nemesis those pesky yields Mid-Curve are back with a Vengance @ +7% on Day One. We see a trend there...
COMEX:GC1!
by HK_L61
Looking for Long Entry on ene hour GCThe GC one hour time frame is in an up channel. the market is near the bottom of the channel where historically speaking the market usually pushes bullish towards the top of the channel. Entry: Counter trend line break bullish above the bottom of the channel. STOP: In the sell zone below the las low. LIMIT: 1830.5 Once or if the market gives the counter trend line break entry. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities as long as the market stays in the one hour buy zone.
COMEX:GC1!Long
by JoshuaMartinez
3
Technical analysis update: Gold (21st December 2021)During the summer 2021 we expressed our belief that gold would end up trading within the range between 1750 USD/oz. and 1835 USD/oz. for an indefinite amount of time. We also noted that the bullish trend of higher degree was weakening and becoming neutral. Currently, gold trades slightly below 1800 USD/oz. Despite gold's sideways moving price action we continue to maintain a bullish view on gold, especially in the long-term. We expect an eventual bullish breakout from the neutral zone; and, at the same time, we assume such breakout will coincide with resumption of the bullish trend of higher degree. Additionally, we think this resumption of uptend will culminate in a new all time high for gold in 2022. Our view is supported by a combination of fundamental and technical factors.Main bullish drivers for gold are persistent high inflation in the U.S. and decrease in quantitative easing program (by the FED) which poses substantial threat to further rise in the general stock market. Additionally, we think the FED will be unable to raise interest rates three times in 2022. Instead, we expect the FED to backpedal on its current plans (as it did in its latest hiking cycle between 2015-2018). Illustration 1.01 Illustration above shows the daily chart of XAUUSD. It also shows 20-day Simple Moving Average (blue) and 50-day SMA (red). Many false crossovers are observable which is indicative of the neutral trend. Technical analysis - daily time frame MACD remains in the bearish area. However, it points to the upside. We will observe it closely in the following days and we will watch out for bullish crossover above 0 points. We expect such a phenomenon to be accompanied by further rise in price. Stochastic oscillates in the upper area which is bullish but it currently points to the downside. RSI started to rise recently which is bullish. DM+ and DM- show bearish conditions. Though ADX remains relatively low. Illustration 1.02 Illustration above shows the daily chart ADX based on XAUUSD. It shows relatively low value which suggests the prevailing trend is neutral. Technical analysis - weekly time frame MACD, RSI and Stochastic are all neutral. DM+ and DM- show bearish conditions but ADX contains low value. Support and resistance Closest support of tremendous importance sits at 1750 USD and breakout below this price level would force us to reassess our bullish notion. Next important support lies at 1721 USD while the major support level lies at 1676 USD. Closest resistance of high importance sits at 1835 USD. Other important resistance levels are at 1916 USD, 1959 USD, and 1965 USD. Major resistance level lies at an all time high of 2075 USD. Illustration 1.03 Picture above shows the daily graph of XAUUSD. It depicts two alternative scenarios that current gold's setup allows. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
14
GC - GOLD has issuesNamely the Dot Plot, Silver can't seem to cross its 50 SMA. Silver need to begin leading, but with the DX in the Desert and field curve suggesting further depression ahead. Do you buy the yellow dog or sit patiently for the next FED crazed injections after the correction. Seasonal Favorability, but... anything can happen as the Bond Wood Panel Guru is suggesting Si is a Buy. Davie MOrgan PArt Duex. 1800 - 1830 Range for now ____________________________________________________ Popcorn here.
COMEX:GC1!
by HK_L61
7
Gold shooting star - Bearish Potential After Stop RunsGold prices came into the week clinging to a range that had held for the past couple of weeks. Before that, price action had pushed below a bear flag formation, eventually setting a near-term low around 1763 with range support holding around the 1770 level. FOMC brought a quick push of USD strength, which helped Gold to temporarily breach that support. This likely triggered a plethora of stops that were set just below range support, after which price was ready to jump from a fresh low at 1753 and back up to 1792, which brought breakout potential into 1800 and 1815. I talked about that setup here: twitter.com Today saw the bullish breakout run all the way up to 1814 but price was unable to test through 1815, again, likely taking out a plethora of stops that were lodged above range resistance. A reversal began to show thereafter, and today's daily bar closed with a shooting star formation, often followed with the aim of bearish reversals. That formation also showed at a key spot, inside of the 1815 level and around the underside of a bear flag formation. This can make the short side of the matter attractive, especially for those looking for a continuation of USD-strength. And given the fundamental outlay from the FOMC this week, where the bank highlighted the possibility of as many as 5-6 rate hikes over the next two years, there could be ample motive for USD-strength to continue.
TVC:GOLDShort
by JStanleyFX
Technical analysis update: XAUUSD (16th December 2021)Gold responded pretty well to yesterday's FOMC meeting. It soared from as low as 1753 USD yesterday to as high as 1798 USD today. We continue to maintain a bullish view on gold as we expect the tightening cycle (with presence of high inflation) to be very bullish for gold. Additionally, we expect gold to break above the resistance level at 1835 USD. We expect this breakout to be accompanied by resumption of the uptrend that will culminate in a new all-time high for gold in 2022. Technical analysis - daily time frame RSI started to grow slightly (after a long period of sideways moving action) which is bullish. Stochastic is also bullish. MACD tries to reverse its direction to the upside. DM+ and DM- are due to perform a bullish crossover in the following days. ADX remains low which suggests that the prevailing trend remains neutral. Final note - daily time frame Overall, no trend is present. Price remains stuck between 1750 USD and 1835 USD. We continue to await a bullish breakout above the 1835 USD price tag followed by subsequent resumption of the bullish trend. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD remains in the bearish area; however, it needs to be observed closely in the following weeks as we expect it to perform a bullish crossover above 0 points. DM+ and DM- continue to show bearish condition. Though, ADX is very low which suggests no trend is present. Final note - weekly time frame Weekly time frame shows similar conditions as the daily time frame. No trend is present and price remains stuck between the support level at 1750 USD and the resistance level at 1835 USD. Support and resistance Short-term resistance sits at 1835 USD while short-term support sits at 1750 USD. Other resistance levels sit at 1877 USD, at 1916 USD, and then at 1965 USD. Another important support level can be found at 1676 USD. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
5
gold try touch 2 fibo 61% , its main target is 1833 AC daily is green ,this mean + trend can start , we have reverse head and shoulder too gold break yesterday high and 1 hour chart trend line , thecnical say frist target is 1790(fibo 61% 1hour chart) then can fly up to daily fibo 61% in 1833 advice= looking buy in deep with sl in low , dont pick sell signals , gold ready to fly up , it can go to fibo 161% in 1944 (if you open sell , against daily chart trend , it can go up wild,witout pull back and dont allow you close sell) dont forget gold love buy and go up www.tradingview.com good luck , minimum 3 day be patient on buy gold
FX:XAUUSDLong
by ramin_trader2006
2